LSB counters move by activist shareholder to force change in strategy

11:46 AM MST | January 21, 2014 | Clay Boswell

In an open letter shareholders on 21 January, Jack Golsen, chairman of the board and CEO of LSB Industries, defended the company’s business strategy against the criticism of shareholder Engine Capital. The letter comes days after the resignation of four members of LSB’s board, a move meant to block Engine Capital from forcing major changes in the company’s strategy, according to a report by Forbes....